ots Ad hoc-Service: TePla AG TePla presents results for 1999

27.03.2000 – 08:15

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Kirchheim/Munich (ots Ad hoc-Service) - The results of TePla AG
for the financial year 1999 are heavily influenced by the rapid
development of the semiconductor industry at the end of last year. In
the last quarter of 1999, TePla raise the sales in its Semiconductor
Technology-Division to DM 4.7 million. This corresponds to more than
twice the sales of the third quarter 1999 (DM 1.9 million) Due to the
boom in the semiconductor market, the total sales in the
Semiconductor Technology-Division though amounted to DM 12.5 million
and thus could be increased by 38 per cent compared to the previous
year (DM 9.1 million).
The Surface Technology-division was influenced by the weak first
half of 1999. Despite the recovery in the second half-year, in which
the sales with DM 2.1 million rose by 25 per cent compared to the
previous year (DM 1.7 million), total divisional sales remained with
DM 2.8 million 25.4 per cent behind the value of the previous year
(DM 3.8 million). The sales missing in the Surface
Technology-Division were consolidated by the development in the PCB
Technology-Division, in which sales reached DM 2.0 million for the
total year and could therefore be increased by 473.3 per cent
compared to the previous year (DM 0.3 million). Despite the missing
US-sales, the company turnover remained with DM 18.4 million only
scarcely under the target value and therefore could be increased by
27.1 per cent compared to the previous year (DM 14.5 million). In the
course of the upswing in the semiconductor industry 33.4 per cent of
the turnover was generated in the last quarter (in the previous year
28.9 per cent).
Due to the rapid market development at the end of last year, TePla
in the last quarter of the financial year advanced investments
originally planned for 2000 into the last quarter of 1999. Thus, the
research and development activities within the semiconductor field
were increased further, the selling activities were substantially
intensified and employment was again accelerated. Due to the total of
these advance- payments as well as the initial costs of devellopping
the US-market, the result from ordinary activities amounted DM 0.2
million (previous year: DM 1.2 million). Due to interest income as
well as the required activation of tax losses carried forward caused
by the initial public offering, net income after minority interest
rose 17.7 per cent compared to the previous year (DM 1.2 million) to
DM 1.5 million.
In the current quarter of the ongoing financial year, first
results of intensified market devellopment efforts are showing. In
the first two months, the incoming orders in the Semiconductor
Technology-division increased to DM 2.1 million and therefore
amounted to over 400 per cent the previous year's value (DM 0.4
million). Further impulses in the financial year 2000 are expected
from the business field Metrology, in which the US- and the japanes
Market were successfully entered towards the end of last year.
End
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